Customs Excise Duty
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Budget 2019: Centre To Earn Rs 25,000 Crore From Customs, Excise Duties Hike
The government will earn a net Rs 25,000 crore from the increase in customs and excise duty on a host of products, including cigarettes, while the surcharge on super-rich would help garner additional income of around Rs 12,000 crore this fiscal on the direct tax side.
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Congress Says Price Hike Of Cooking Gas Cylinders Is "Fuel Loot"
The Congress today dubbed the latest hike in the price of domestic natural gas as "fuel loot" and demanded that the Centre rolls back the excise and custom duties to give relief to the masses.
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Anti-Dumping Duty Imposed On Import Of Bus/Truck Tyres From China
The decision, based on the recommendations of the DGAD, will impose Anti-Dumping Duty in the range of $245.35 - $452.33 per tonne on the import of a certain type of tyres in the heavy vehicle segment.
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GST Impact On Real Estate: Will Property Prices Come Down?
As the country switches to GST from July 1, the new indirect tax regime will subsume nearly a dozen of central and state taxes, including excise duty, value-added tax (VAT) and service tax.
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GST To Subsume Sales Tax, VAT, Service Tax, And Much More. Details Here
GST is a single tax to promote trade and industry, replacing multiple levies from the manufacturer to supplier to customer, the Central Board of Excise and Customs said.
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Duty-Free Liquor Sale Racket Busted, 2 Customs Officials Held
A racket involving officials of the Customs, Central Excise as well as the city-based Rajiv Gandhi International Airport, who allegedly sold duty-free liquor outside the airport in Hyderabad, was busted today with the arrest of two Customs officials.
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Limits For Arrest, Prosecution Of Alleged Excise Duty Violators Hiked
Arrest and prosecution of alleged excise tax violators can only be resorted to if the amount of penalty or tax evaded is equal to or more than Rs 2 crores.
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Supreme Court Stays High Court Order On Probe Agencies' Power To Arrest
In a relief to agencies dealing with customs, excise and sevice tax evasions, the Supreme Court today stayed the operation of a Delhi High Court order restraining these from arresting the offenders tilladjudication on evasion of duty concluded.
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'Make In India' Push Fuels Price Rise Fear For 74 Vital Medicines
At least 74 drugs -- including life-saving ones used to treat cancer and HIV and haemophilia -- will see a sharp rise in prices as the government has withdrawn customs duty exemption on their imports in a move, some say, that's meant to boost the Make in India programme.
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2016 Budget May Include End of Life Policy for Old Vehicles
2016 Budget may include an end of life policy for cars whereby customers looking to buy new vehicles will be able to enjoy a rebate of at least 50 per cent in excise duty if they surrender their old polluting vehicles.
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Hyundai cars get cheaper by upto Rs. 1.35 lakh
Hyundai Motor India announces to pass on the full reduction of excise tax benefit to customers in India.
-
Honda announces immediate full excise relief to its customers
A day after the interim budget was annopunced in parliament and a cut in the excise duty was announced, Honda has said that it will pass on the benefit to the customers.
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Jewellers continue protests in major cities
Jewellers across major cities came out in large numbers today to continue their protest against central excise on unbranded jewellery and the increase in customs duty on gold imports. Major protests were held on Mumbai, Lucknow, Kanpur and Rajkot.
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CPM to move cut motion if no rollback on fuel duties
The CPM will move a cut motion on the Finance Bill if the government does not rescind the hike in customs and excise duties for petrol and diesel.
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Why jewellery will cost more
Local consumption of gold and silver jewellery may decrease owing to the increase in excise and customs duty, a top industry official said on Friday. The Finance Minister also announced increase in customs duty on gold and platinum from Rs 200 per 10 grams to Rs 300 per 10 grams.
-
Budget 2019: Centre To Earn Rs 25,000 Crore From Customs, Excise Duties Hike
The government will earn a net Rs 25,000 crore from the increase in customs and excise duty on a host of products, including cigarettes, while the surcharge on super-rich would help garner additional income of around Rs 12,000 crore this fiscal on the direct tax side.
-
Congress Says Price Hike Of Cooking Gas Cylinders Is "Fuel Loot"
The Congress today dubbed the latest hike in the price of domestic natural gas as "fuel loot" and demanded that the Centre rolls back the excise and custom duties to give relief to the masses.
-
Anti-Dumping Duty Imposed On Import Of Bus/Truck Tyres From China
The decision, based on the recommendations of the DGAD, will impose Anti-Dumping Duty in the range of $245.35 - $452.33 per tonne on the import of a certain type of tyres in the heavy vehicle segment.
-
GST Impact On Real Estate: Will Property Prices Come Down?
As the country switches to GST from July 1, the new indirect tax regime will subsume nearly a dozen of central and state taxes, including excise duty, value-added tax (VAT) and service tax.
-
GST To Subsume Sales Tax, VAT, Service Tax, And Much More. Details Here
GST is a single tax to promote trade and industry, replacing multiple levies from the manufacturer to supplier to customer, the Central Board of Excise and Customs said.
-
Duty-Free Liquor Sale Racket Busted, 2 Customs Officials Held
A racket involving officials of the Customs, Central Excise as well as the city-based Rajiv Gandhi International Airport, who allegedly sold duty-free liquor outside the airport in Hyderabad, was busted today with the arrest of two Customs officials.
-
Limits For Arrest, Prosecution Of Alleged Excise Duty Violators Hiked
Arrest and prosecution of alleged excise tax violators can only be resorted to if the amount of penalty or tax evaded is equal to or more than Rs 2 crores.
-
Supreme Court Stays High Court Order On Probe Agencies' Power To Arrest
In a relief to agencies dealing with customs, excise and sevice tax evasions, the Supreme Court today stayed the operation of a Delhi High Court order restraining these from arresting the offenders tilladjudication on evasion of duty concluded.
-
'Make In India' Push Fuels Price Rise Fear For 74 Vital Medicines
At least 74 drugs -- including life-saving ones used to treat cancer and HIV and haemophilia -- will see a sharp rise in prices as the government has withdrawn customs duty exemption on their imports in a move, some say, that's meant to boost the Make in India programme.
-
2016 Budget May Include End of Life Policy for Old Vehicles
2016 Budget may include an end of life policy for cars whereby customers looking to buy new vehicles will be able to enjoy a rebate of at least 50 per cent in excise duty if they surrender their old polluting vehicles.
-
Hyundai cars get cheaper by upto Rs. 1.35 lakh
Hyundai Motor India announces to pass on the full reduction of excise tax benefit to customers in India.
-
Honda announces immediate full excise relief to its customers
A day after the interim budget was annopunced in parliament and a cut in the excise duty was announced, Honda has said that it will pass on the benefit to the customers.
-
Jewellers continue protests in major cities
Jewellers across major cities came out in large numbers today to continue their protest against central excise on unbranded jewellery and the increase in customs duty on gold imports. Major protests were held on Mumbai, Lucknow, Kanpur and Rajkot.
-
CPM to move cut motion if no rollback on fuel duties
The CPM will move a cut motion on the Finance Bill if the government does not rescind the hike in customs and excise duties for petrol and diesel.
-
Why jewellery will cost more
Local consumption of gold and silver jewellery may decrease owing to the increase in excise and customs duty, a top industry official said on Friday. The Finance Minister also announced increase in customs duty on gold and platinum from Rs 200 per 10 grams to Rs 300 per 10 grams.
